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Feb 13, 2013
02/13
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i spoke with senate republican leader's mitch mcconnell. he was of course the republican leader. >> glad to be with you. from what i gather president obama tonight will make a strong case to not have a see quester. well it was his idea by the way which is interesting to see him walk away from it. we made a promise to the american people that we would cut $1.2 trillion in spending. and and here the presented was ready to walk away. but if we walk away from ( y for ( y the amount of spending reduction we promised from a little over a year ago then we have have no credibility at all which is the spending is out-of-control which is we now have an economy that looks like greece. associated with high def sit and debt countries. we need to go in a different direction. >> i'm the commitment you recorded today assaying there will be no last minute hectic negotiations and tax increases do you stay with that? >> the president signed into law to reduce spending this amount of money. it will go into effect. we are willing to discuss how to achieve this
i spoke with senate republican leader's mitch mcconnell. he was of course the republican leader. >> glad to be with you. from what i gather president obama tonight will make a strong case to not have a see quester. well it was his idea by the way which is interesting to see him walk away from it. we made a promise to the american people that we would cut $1.2 trillion in spending. and and here the presented was ready to walk away. but if we walk away from ( y for ( y the amount of...
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Oct 2, 2013
10/13
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we'll have senator mitch mcconnell come in and tell us what he got. but let's get some analysis from our great panel of experts we have chris cofinas, kelly ann conway is here, and cnbc contributor from the american enterprise institution. gene, i want to begin with you. i didn't hear anything new on how we're going to end the shutdown, which is what americans are worried about. the c.r., yeah, but how to end the shutdown, which may go on for weeks. >> no, i think he's overplayed his hand with the shutdown. i think republicans are less scared today than they were yesterday about the shutdown. there was stuff, i think they field -- he's not going to win the shutdown battle. now it's moving toward the debt ceiling. if you're hearing what i'm hearing, we may have the mother of all battles here, because we'll have the debt ceiling battle, the shutdown battle, and what did the president mention there? we'll put the sequester in there, too, and we'll get a grand bargain. i december sound as confident as he democrat a couple -- >> i know you're democrat and
we'll have senator mitch mcconnell come in and tell us what he got. but let's get some analysis from our great panel of experts we have chris cofinas, kelly ann conway is here, and cnbc contributor from the american enterprise institution. gene, i want to begin with you. i didn't hear anything new on how we're going to end the shutdown, which is what americans are worried about. the c.r., yeah, but how to end the shutdown, which may go on for weeks. >> no, i think he's overplayed his hand...
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Sep 30, 2013
09/13
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the disagreement i have with larry about mcconnell's tremendous influence is remember, mitch mcconnell didn't want what happened with ted cruz to happen. he couldn't stop it. just like john boehner couldn't stop what was happening in the house. but mitch mcconnell has been a little bit overrun right now by -- >> we have to take a break now because we're going to come back when the vote is over and continue the discussion. >> the clock is ticking. >> quickly before we go, john, do you believe that harry reid would accept the one-week clean continuing resolution? >> no, i do not. >> so mcconnell may be out there -- >> much more -- >> no he will. >> john boehner ultimately folds puts a clean cr through november 15th and harry reid would take a one week. >> they're going to cut a deal the way in 2011. the deal is coming. we'll come back. >> come back and talk more about this. stay where you are. still ahead, we are still waiting guys on the results of the senate vote. we will bring you that outcome as soon as we get. >> it straight ahead former commerce secretary carlos gutierrez his take
the disagreement i have with larry about mcconnell's tremendous influence is remember, mitch mcconnell didn't want what happened with ted cruz to happen. he couldn't stop it. just like john boehner couldn't stop what was happening in the house. but mitch mcconnell has been a little bit overrun right now by -- >> we have to take a break now because we're going to come back when the vote is over and continue the discussion. >> the clock is ticking. >> quickly before we go, john,...
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Oct 14, 2013
10/13
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he just emerged from mitch mcconnell his republican counterpart's office, walked down the halway to his own office telling reporters he thinks they're getting closer, he would like to have something to present to the president at the meeting at the white house at 3:00 p.m. you could see congressional leaders and the president coming together on something importantly, joe biden the vice president, who's played a key deal making role in the past, will be in this meeting at 3:00 at the white house today. but one of the big questions is whether the senate and the house can really get anything together on the same page. we had a senator, senator corker on our air earlier today, little pessimistic. take a listen. >> i do think that there's a good chance that we will get back on the right page and the right paragraph today in the senate and i think we have an opportunity to move something ahead on a broader bipartisan basis. the question is, how is that dealt with in the house of representatives which has been off on a total not only a different page, almost a different book, if you will, over
he just emerged from mitch mcconnell his republican counterpart's office, walked down the halway to his own office telling reporters he thinks they're getting closer, he would like to have something to present to the president at the meeting at the white house at 3:00 p.m. you could see congressional leaders and the president coming together on something importantly, joe biden the vice president, who's played a key deal making role in the past, will be in this meeting at 3:00 at the white house...
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Jan 1, 2013
01/13
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this is why he had to be pushed out and mitch mcconnell had to be taken over by joe biden. they don't want to cut spending they want to raise taxes. if you want to talk about it later, it should be part of a different deal. but when it comes to different cuts in medicare. this is what is on the table. it brings efficiency into the system. it was part of the president's budget in 2012. republicans didn't want to deal with it. that budget you talk about got zero votes in the senate. hang on igor. let me cut to the chase. if there is a deal, i don't know what they are going to do about a see quester. what is going to happen on the spending side which the bulk don't think they want to cut spending. he says he is hoping for a vote tonight. probably around 1:00 am tonight. a lot of senators walked out of that meeting tonight and they say they feel they are close to a deal. if they can get democrats to agree for a month or two and they agree they feel they can send it to the house. this is so important, will a majority of democrats back this? and i assume it is going to be a 51 ma
this is why he had to be pushed out and mitch mcconnell had to be taken over by joe biden. they don't want to cut spending they want to raise taxes. if you want to talk about it later, it should be part of a different deal. but when it comes to different cuts in medicare. this is what is on the table. it brings efficiency into the system. it was part of the president's budget in 2012. republicans didn't want to deal with it. that budget you talk about got zero votes in the senate. hang on igor....
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Jan 3, 2013
01/13
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i agree with senator mitch mcconnell. if the president of the united states wants to talk about tax increases, look it up in the history books because it's not coming during 1913th session of the united states congress. >> how significant are the spending cuts that you're talking about? what would it take to get to you raise the debt ceiling? >> two things that would have to occur, either one of which would cause me to raise the debt ceiling, one is a balanced budget constitutional amendment phased in over a period of time that would force washington to deal with this issue in a serious way. and the alternative, there would have to be spending cuts, real spending cuts, first year in excess of $100 billion. >> 100 billion. okay. constitutional amendment in a long time. jim newsel, you called the fiscal cliff deal to this point a fiasco. what had your high expectations for what's to come on the spending and the debt limit that they have to deal with in the next couple of months? >> i don't have very high expectations. >> i
i agree with senator mitch mcconnell. if the president of the united states wants to talk about tax increases, look it up in the history books because it's not coming during 1913th session of the united states congress. >> how significant are the spending cuts that you're talking about? what would it take to get to you raise the debt ceiling? >> two things that would have to occur, either one of which would cause me to raise the debt ceiling, one is a balanced budget constitutional...
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Mar 1, 2013
03/13
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so ultimately if mitch mcconnell or john boehner say, we need to go to catch a plane, i can't have secret service block the doorway. i know that this has been some of the conventional wisdom floating around washington, that somehow -- even though most people agree that i'm being reasonable, that most people agree i'm presenting a fair deal, the fact that they don't take it means that i should somehow do a jedi mind-meld with these folks and convince them to do what's right. well, they're elected. we have a constitutional system of government. the speaker of the house and the leader of the senate and all those folks have responsibilities. what i can do is i can make the best possible case for why we need to do the right thing. i can speak to the american people about the consequences of the decisions that congress is making or the lack of decision-making by congress. but ultimately it's a choice they make. and the -- this idea that somehow there's a secret norm la formula or secret sauce to get speaker boehner or mitch mcconnell to say, you know what, mr. president, you're right, we should
so ultimately if mitch mcconnell or john boehner say, we need to go to catch a plane, i can't have secret service block the doorway. i know that this has been some of the conventional wisdom floating around washington, that somehow -- even though most people agree that i'm being reasonable, that most people agree i'm presenting a fair deal, the fact that they don't take it means that i should somehow do a jedi mind-meld with these folks and convince them to do what's right. well, they're...
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Oct 17, 2013
10/13
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you interviewed mitch mcconnell. very good interview. what is the highlight, what is the senate republican lead are saying? >> the highlight is that senator mccop he will wants to move beyond having the standoffs. and he said he doesn't want to have a government shutdown in january and another debt ceiling battle in early february much next year. he wants to have the budget conference and other fiscal talks, but he doesn't want to continue to have these high drama events that really hurt the republican party and seem to divide. >> and hement w wants the budge. >> he feels republicans stun be stumbled, but he wants to keep the act in 2011. trading sequester perhaps for entitlement reform. >> when you look back on it, the original proposal. i believe it came from eric cantor, if you had a clean bill, keep the sequester budget cuts in place, keep those caps in place for as far as the eye can see, and no new taxes, they all might have been better off when you think about it. >> it's a valid point and you hear that from house and senate repub
you interviewed mitch mcconnell. very good interview. what is the highlight, what is the senate republican lead are saying? >> the highlight is that senator mccop he will wants to move beyond having the standoffs. and he said he doesn't want to have a government shutdown in january and another debt ceiling battle in early february much next year. he wants to have the budget conference and other fiscal talks, but he doesn't want to continue to have these high drama events that really hurt...
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Oct 16, 2013
10/13
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mcconnell. there is an expectation as john harwood brought us, the dow's up 190, that a deal is going to be reach. one could be imminent, that the house could move first to expedite the pros, then put it to the senate and we'll see where we go from there. that's what's happening in washington. we'll bring you anything that comes out of that room right there. let's continue to conversation on the desk. john, do you buy stocks on this news as many people are or fade wh happening? >> i bought it last week and i continued to own it through today. i have not sold very much at all. and look at the collapse in the vicks. the october expired on the opening print this morning, so a lot of folks were misredding what it was telling them when it got up to 18. it's down three points today. you take a look at the u.s. repo market, that's a $5 trillion market and how much that has collapsed. in other words, whether you want to view those as credit default sw swaps on the u.s. or whatever, the repo market is ab
mcconnell. there is an expectation as john harwood brought us, the dow's up 190, that a deal is going to be reach. one could be imminent, that the house could move first to expedite the pros, then put it to the senate and we'll see where we go from there. that's what's happening in washington. we'll bring you anything that comes out of that room right there. let's continue to conversation on the desk. john, do you buy stocks on this news as many people are or fade wh happening? >> i...
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Oct 14, 2013
10/13
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the senate by going in at 2:00, creates the possibility that harry reid and mitch mcconnell could even before this white house meeting, come out to the senate floor and describe the confines of a potential deal that they're going to strike. one of the things that they know that they're going to hear from president obama is what he said a few minutes ago when he was out at a non-profit charity in washington, putting the pressure on congress to come up with something fast. >> please join me -- >> if we don't start making some real progress both in the house and the senate, and if republicans aren't willing to set aside some of their partisan concerns in order to do what's right for the country, we stand a good chance of defaulting and defaulting would have a potentially devastating effect on our economy. >> reporter: so the back and forth between reid and mcconnell has revolved around the length of a spending bill to reopen the government, reid wants shorter like two months, mcconnell wants six months because that would keep in the sequester levels for a longer period of time. you've got
the senate by going in at 2:00, creates the possibility that harry reid and mitch mcconnell could even before this white house meeting, come out to the senate floor and describe the confines of a potential deal that they're going to strike. one of the things that they know that they're going to hear from president obama is what he said a few minutes ago when he was out at a non-profit charity in washington, putting the pressure on congress to come up with something fast. >> please join me...
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May 14, 2013
05/13
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i want to ask you, what did you hear from mitch mcconnell? >> mitch mcconnell wants congress to be the focus but did not rule out appointing a special council. that's an important point. congress is going to press, but that is an issue that's only going to build. >> katie, do you think he's right that congress is the right vehicle, that congress can get the public or do you think the congressional investigations automatically become too political? >> well, let's see. they're starting their investigation, let's see if congress has the teeth to do this job and to do it well. and if not, then we certainly need someone on the outside to do it. the bottom line, larry, we need answers. and how we get there, i think we can debate and discuss. but we've got to have answers to move forward productively. >> john steel gordon, congress played a prominent role in the nixon impeachment business, you've got to give them that. >> indeed it did. that's when it started almost 40 years, almost to this day when the congressional hearing started and that's when
i want to ask you, what did you hear from mitch mcconnell? >> mitch mcconnell wants congress to be the focus but did not rule out appointing a special council. that's an important point. congress is going to press, but that is an issue that's only going to build. >> katie, do you think he's right that congress is the right vehicle, that congress can get the public or do you think the congressional investigations automatically become too political? >> well, let's see. they're...
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Feb 22, 2013
02/13
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president obama actually dialed up republican leaders john boehner and mitch mcconnell to talk about the sequester. this is good. it's called communication. we'll have a full report coming up from our man in washington robert costa. remember how we told the other night about how federal workers are still getting pay raises despite a so-called pay freeze? it turns out federal worker pensions are facing huge unfunded liabilities that could bankrupt them and force a new taxpayer bailout. but on the whole, folks, have no fear, america. help is on the way. this is "the kudlow report" and it starts right now. >>> all right. first up tonight the sky is not falling. even the president's own press secretary backed up president obama's sequester threat of mass layoffs. take a listen to jay carney. >> we agree with the consensus estimates here again from private outside economic firms from the congressional budget office that say we would lose, the country would lose up to 750,000 jobs if the sequester were allowed to be implemented. >> talking about hundreds of thousands of job losses the firs
president obama actually dialed up republican leaders john boehner and mitch mcconnell to talk about the sequester. this is good. it's called communication. we'll have a full report coming up from our man in washington robert costa. remember how we told the other night about how federal workers are still getting pay raises despite a so-called pay freeze? it turns out federal worker pensions are facing huge unfunded liabilities that could bankrupt them and force a new taxpayer bailout. but on...
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Oct 15, 2013
10/13
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mitch mcconnell was going to unveil it to his caucus. the house went in, had a caucus with its members. there were reports that came out that they were going to move a bill, and specific provisions of what was going to be in the bill. it is obvious that they don't have enough of a consensus within their caucus to announce one, because the speaker came out and said, we haven't decided what we're going to do. but you could tell from the reaction of democrats that this was a serious impediment to what harry reid was trying to negotiate with mitch mcconnell. as a matter of fact, harry reid just came out of the senate floor a moment ago -- i think we've got a piece of sound from his reaction to what john boehner and his caucus did. >> -- there've been no decisions about what exactly we will do. trying to find a way forward in a bipartisan way that would continue to provide fairness to the american people under obamacare. >> reporter: okay. so that was john boehner from his news conference saying that "we're going to try to move forward, but w
mitch mcconnell was going to unveil it to his caucus. the house went in, had a caucus with its members. there were reports that came out that they were going to move a bill, and specific provisions of what was going to be in the bill. it is obvious that they don't have enough of a consensus within their caucus to announce one, because the speaker came out and said, we haven't decided what we're going to do. but you could tell from the reaction of democrats that this was a serious impediment to...
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Oct 14, 2013
10/13
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i've been speaking with aides to harry reid and mitch mcconnell. let me bring you up to date on what their offers are. what harry reid is seek in his talks with mitch mcconnell are a two-month extension of government funding to reopen the government that would allow democrats then to renegotiate changes to the sequester levels. he wants a six-month rise in the debt ceiling to ease potential crisis. mitch mcconnell wants a shorter debt ceiling increase, he wants that for three months. and he want is alonger continuing resolution to reopen the government because it would allow republicans to keep the sequester levels lower. there may be a delay in the medical device tax, stronger income verification steps for participants in the exchanges who would be eligible for subsidy. but democrats are saying they would have to be offset by concessions by republicans, maybe tax loophole closings. and on the question of the vitter amendment which some republicans have talked about, which would change the terms under which members of congress and their staffs coul
i've been speaking with aides to harry reid and mitch mcconnell. let me bring you up to date on what their offers are. what harry reid is seek in his talks with mitch mcconnell are a two-month extension of government funding to reopen the government that would allow democrats then to renegotiate changes to the sequester levels. he wants a six-month rise in the debt ceiling to ease potential crisis. mitch mcconnell wants a shorter debt ceiling increase, he wants that for three months. and he...
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Dec 11, 2013
12/13
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i don't know about mitch mcconnell's race but there are splits and this deal may create more splits. how do you see it? >> you're right. probably will definitely pass by 51 or 52 votes of the senate. >> filibuster is the question. 51 votes won't be enough. if mitch mcconnell really believes this is a signature achievement and it will keep him from getting defeated in a primary against the tea party nut job then it might get filibustered. >> steve, come on, there's no doubt about it he probably will let this pass. >> well, i think he's going to have a tough time because he has to choose between shelling out the government and passing this thing. >> how about what i'm calling unfairly but the red state democrats and i'm not just saying mary landrieu in louisiana, if i favorite is gene shaheen in new hampshire. she's running for her life up there. does she vote for this deal? they didn't get the $25 billion extension for unemployment compensation. in fact, it sounds to me they didn't get anything although we don't know the details. no unemployment assistance. does that matter? >> i thin
i don't know about mitch mcconnell's race but there are splits and this deal may create more splits. how do you see it? >> you're right. probably will definitely pass by 51 or 52 votes of the senate. >> filibuster is the question. 51 votes won't be enough. if mitch mcconnell really believes this is a signature achievement and it will keep him from getting defeated in a primary against the tea party nut job then it might get filibustered. >> steve, come on, there's no doubt...
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Oct 15, 2013
10/13
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they were very close between mitch mcconnell and harry reid yesterday. the question is does the house pull the plan on its own plan allowing negotiations to restart or does john boehner make adjustments to the plan? there's been talk of extending subsidies to congressional staff. there's been discussion of taking away the conscience clause relating to the availability of abortion under obama care, adding that to get conservative support. all of those things affect the fate of the house republican bill, but its failure seems to be the key at the moment to the resumption of the reid/mcconnell negotiations. we're in limbo until we know whether it fails or succeeds. >> limbo is the word. they've got to get a deal done. thanks very much, john harwood. let's find out about the trader psychology here. bob pisani, i want to throw something out here. i was pondering the market's reaction to the negotiations being stalleded. we're down by triple digits but we were already down today. if you feel there's real septemb skepticism, we would be tanking more than we alr
they were very close between mitch mcconnell and harry reid yesterday. the question is does the house pull the plan on its own plan allowing negotiations to restart or does john boehner make adjustments to the plan? there's been talk of extending subsidies to congressional staff. there's been discussion of taking away the conscience clause relating to the availability of abortion under obama care, adding that to get conservative support. all of those things affect the fate of the house...
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Dec 14, 2013
12/13
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. >> mitch mcconnell says he's against it, not a republican has come out for it or am i wrong there? >> no, there are some that have come out for it and there's a number undecided. in the end it will be bipartisan. we want to take some time and go through it. we have some concerns but all in all, i think the support's going to be there. >> is there anything that you're particularly interested in as you go through your own deliberate process? >> big picture, when i started in january 2011, discretionary spending, which is what this budget covers, was about 1.35 trillion. this will not only take it down but keep it down at about a trillion dollars through fiscal year 15. so that's about a 35% reduction from where we were. so in terms of discretionary spending, you know, we're making real progress. obviously there's more to do but this enables us to prioritize spending but, you know, keep very close to those caps that we set in the budget control act. >> well, paul ryan has said, even though the caps are lifted slightly in 14 and 15, the long-term baseline for the sequester is still in
. >> mitch mcconnell says he's against it, not a republican has come out for it or am i wrong there? >> no, there are some that have come out for it and there's a number undecided. in the end it will be bipartisan. we want to take some time and go through it. we have some concerns but all in all, i think the support's going to be there. >> is there anything that you're particularly interested in as you go through your own deliberate process? >> big picture, when i...
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Aug 28, 2013
08/13
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lindsey graham, mitch mcconnell, la mark alexander and mike enzi. i don't know about wyoming, but we'll be that. what's the beef against mcconnell? >> look at right now what's happening with the continuing resolution and obama care. he has promised he would fight to repeal this law. there's the opportunity for him to fight to make the case to the american people that congress should not be above the law, and yet he's not fighting on it. the people in kentucky are very concerned about this, and they're not happy with it. people across the board for each of the senators that you name, if they voted against this law in 2009, and 2010. and then they turn around and fund it today, that's like being against it before they're for it. >> well, of course, you know a lot of people say, including myself, that the 2010 election in the house was basically a tea party election. the question i guess everybody wants to know is can 2014 be a tear party election, where you election a coalition of republicans and conservatives? don't you fred that if you go after the
lindsey graham, mitch mcconnell, la mark alexander and mike enzi. i don't know about wyoming, but we'll be that. what's the beef against mcconnell? >> look at right now what's happening with the continuing resolution and obama care. he has promised he would fight to repeal this law. there's the opportunity for him to fight to make the case to the american people that congress should not be above the law, and yet he's not fighting on it. the people in kentucky are very concerned about...
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Jan 5, 2013
01/13
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now we're having a debate over spending and mitch mcconnell heads into potentially a primary fight of his own in this election cycle. he has no interest in seeing the president raise the debt limit without getting some spending cuts. >> but again, where are the spending cuts? where are the proposals to cut anything? >> yeah. >> you kind of need those. you need a politics that builds up to that for the previous few years. >> would you be horrified if they took money out of all 20 -- i'm going to say there are 20 federal cabinet agencies, i don't know how many there are. there are so many lower agencies. would you be shocked, do you think the american public really cares if we start snipping things from agriculture, from the labor department? >> no, they don't. >> or how many people who work in the agriculture department. they would be horrified. >> let's say we abolished the commerce department. do you think america cares? >> no. americans say they want to reduce the size of government. what they don't want reduced necessarily are their social security. their size of the government. bu
now we're having a debate over spending and mitch mcconnell heads into potentially a primary fight of his own in this election cycle. he has no interest in seeing the president raise the debt limit without getting some spending cuts. >> but again, where are the spending cuts? where are the proposals to cut anything? >> yeah. >> you kind of need those. you need a politics that builds up to that for the previous few years. >> would you be horrified if they took money out...
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Oct 15, 2013
10/13
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harry reid and mitch mcconnell are back in the driver's seat. let's go back to washington, d.c., with ace reporter robert costa. bob costa, does this mean no vote in the house? is that number one? >> speaker john boehner can not find 218 votes for his plan. i've kented with my top senate sources. they say that mcconnell and reid have re-engaged. they've had a positive conversation and they're taking the raips. >> i know it's speculative. re-engage, robert costa. what do you reckon that means? they have certain due dates for the continuing resolution and debt ceiling and the long returned budget. the rest of it is a clean bill, even includes the sequester levels for a few months. is that what they're re-engaging on? are they going to change that? >> senate republicans are playing against an aggressive harry reid in the senate. the real job for senate republicans right now when you talk to staffers is to protect the sequestration cuts, protect the budget numbers. beyond that they don't expect to winch. >> boy, do i agree with you on protecting the
harry reid and mitch mcconnell are back in the driver's seat. let's go back to washington, d.c., with ace reporter robert costa. bob costa, does this mean no vote in the house? is that number one? >> speaker john boehner can not find 218 votes for his plan. i've kented with my top senate sources. they say that mcconnell and reid have re-engaged. they've had a positive conversation and they're taking the raips. >> i know it's speculative. re-engage, robert costa. what do you reckon...
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Oct 15, 2013
10/13
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mcconnell, limited mitch mcconnell's freedom of maneuver as the republican leader of the senate. harry reid came out after that house press conference and lit into john baner. >> we felt blind sided from the news of the house. extremist republicans in the house of representatives are attempting to torpedo the senate's bipartisan progress. let's be clear the house legislation will not pass the senate. >> i've been talking to members since then. the house proposal is still being tweaked to figure out how they could get the votes to pass it. on the senate side, democrats and republicans say the talks between reid and mcconnell could be restarted this afternoon. right now members of both republican and democratic caucuses are having their weekly lunch. we expect them to come out to cameras at about 2:15 and then we're going to learn where we are exactly at this moment. still some hope that senate process will resume, result in a deal that could be passed tonight or tomorrow. >> thank you very much. stay with us. because we're going to broaden out the discussion now, here to discuss t
mcconnell, limited mitch mcconnell's freedom of maneuver as the republican leader of the senate. harry reid came out after that house press conference and lit into john baner. >> we felt blind sided from the news of the house. extremist republicans in the house of representatives are attempting to torpedo the senate's bipartisan progress. let's be clear the house legislation will not pass the senate. >> i've been talking to members since then. the house proposal is still being...
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Oct 15, 2013
10/13
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mcconnell. they dropped the delay in medical device tax, which is something democrats objected to. all those things are designed to put more pressure on reid and make it more difficult for reid to prevail with his deal with mitch mcconnell. on the other hand, still two provisions in there which are going to be impossible for democrats and the white house to accept. one of them would extend to not only members of congress and cabinet officials, members of the administration, but also their aides. the denial -- really pay cut, denial of employer subsidies for health care they've been getting right now. it would take away that benefit. secondly, it would strip treasury of the so-called extraordinary measures that they used when they get close to the debt limit. that is something that you cannot expect the obama white house to sign off on. the plan actually moved closer to the democrats and made it more difficult for democrats to say no to. but they're still going to say no in the state. then the qu
mcconnell. they dropped the delay in medical device tax, which is something democrats objected to. all those things are designed to put more pressure on reid and make it more difficult for reid to prevail with his deal with mitch mcconnell. on the other hand, still two provisions in there which are going to be impossible for democrats and the white house to accept. one of them would extend to not only members of congress and cabinet officials, members of the administration, but also their...
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Mar 15, 2013
03/13
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mitch mcconnell called republicans to stop being cry babies. let's check in with robert costa of the national review. he's been covering cpac all day. robert, late breaking poll from the newspaper. i want you to hear this. this is from the hill.com shows when it comes to budget cuts 65% of voters prefer spending cuts to raising taxes. okay. spending cuts. however, when asked which party they trust more on budget, democrats have the edge. what's wrong here? why can't the conservatives and the republicans make the sale? >> reporter: i think mitch mcconnell is a fine cpac friday don't be a cry baby caucus. yes it's post-election yes they were defeated but surprisingly optimistic here at cpac. >> surprisingly optimistic. give me a take on that. i was asking ann coulter about this earlier. she wasn't so sure it was optimistic. are they talking growth. are they talking jobs. are they talking economy. or are they attacking each other, robert? >> reporter: they are pretty optimistic on the growth message larry,. they are talking about spending cuts. to
mitch mcconnell called republicans to stop being cry babies. let's check in with robert costa of the national review. he's been covering cpac all day. robert, late breaking poll from the newspaper. i want you to hear this. this is from the hill.com shows when it comes to budget cuts 65% of voters prefer spending cuts to raising taxes. okay. spending cuts. however, when asked which party they trust more on budget, democrats have the edge. what's wrong here? why can't the conservatives and the...
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May 10, 2013
05/13
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senate majority leader mitch mcconnell warned about this move last spring. take a listen. >> earlier this year, dozens of tea party affiliated grupts across the country learned what it was like to draw the attention of the speech police when they received a lengthy questionnaire from the irs demanding, listen to this, demanding attendants lists, meeting transcripts and donor information. >> yeah, by the way, it's illegal. it's illegal to ask for donor information. that's just a side point here. we have congress and tea party with me on set for most of the hour this evening cnbc contributor and co-host of the msnbc "the cycle" and former director of the republican governor's association. david schweiker, why now, how do you read this? what is going on here? >> you know, have you ever had one of those afternoons where you are trying to get your head around? at least i have one reality. it's been a really bad week for the administration. and i actually now have to apologize no some of my conservative activist groups out there that a year ago i thought were bein
senate majority leader mitch mcconnell warned about this move last spring. take a listen. >> earlier this year, dozens of tea party affiliated grupts across the country learned what it was like to draw the attention of the speech police when they received a lengthy questionnaire from the irs demanding, listen to this, demanding attendants lists, meeting transcripts and donor information. >> yeah, by the way, it's illegal. it's illegal to ask for donor information. that's just a side...
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Oct 15, 2013
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sentiment is echoed by the majority leader mitch mcconnell. reports say their plan would fund the government through mid january keeping in place the sequester cuts but give mortgages a way to ease their impact. it wie raise u.s. borrowing costs through to at least mid february. >> we're doing our best to make everybody happy, but everyone knows we're not going to be able to do that. everybody understands we're doing the very best we can with all the frailties we have as people and legislators. >> senate republicans and democrats will hold a separate meeting today. house republicans have a closed door meeting at 11:00. the spokesman for house speaker john boehner says republicans will review whatever plan the senate passes. julia is with us chief international economist at barclay's. tricky job. julian, what do you make of the senate plan? >> clearly, there has been some progress. we must bear in mind, as you say, if it happens, the deal through january or into mid february, there's still a lot of tough bargaining that's needed. i think what's
sentiment is echoed by the majority leader mitch mcconnell. reports say their plan would fund the government through mid january keeping in place the sequester cuts but give mortgages a way to ease their impact. it wie raise u.s. borrowing costs through to at least mid february. >> we're doing our best to make everybody happy, but everyone knows we're not going to be able to do that. everybody understands we're doing the very best we can with all the frailties we have as people and...
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Mar 28, 2013
03/13
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now, what do you make of this, mitch mcconnell endeavor? >> reporter: this is about politics. sources close to senator mcconnell tells me when it do 78s 14 the gop is just going to hammer obama care. they think this is a viable political issue and become increasingly unpopular as it's implemented. >> is that going to be their campaign argument or one of the biggest ones? >> reporter: it is. in 2010 it was about obama care. 2012 was about the ryan budget. >> can republicans overturn obama care. that's the established law. joining us from capitol hill, house gop deputy whip and with me on set dean baker co-director of the senate for economic and policy research and hadley heath senior policy analyst with the independent women's forum. let me get your opinion on senator mcconnell's story. as a tax bill obama care defeat would require 51 votes not 60 no filibuster. >> look it's an interesting theory and it's no secret that republicans oppose obama care and have laid out alternatives particularly house republicans in the past. look, obama care is losing the expectation battle. the
now, what do you make of this, mitch mcconnell endeavor? >> reporter: this is about politics. sources close to senator mcconnell tells me when it do 78s 14 the gop is just going to hammer obama care. they think this is a viable political issue and become increasingly unpopular as it's implemented. >> is that going to be their campaign argument or one of the biggest ones? >> reporter: it is. in 2010 it was about obama care. 2012 was about the ryan budget. >> can...
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Mar 2, 2013
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john boehner, mitch mcconnell as well said they wouldn't. we go to eamon javers in fredrick, maryland. >> reporter: we're in fredrick, maryland. this is a town that's heavily dependent on federal spending because they have ft. detrick with 10,000 employees just outside of the town. ing talked to community officials who say they are worried about everything from funding for the local airport control tower to bullet proof vests for the police department. but when you talk to people on the street here you get a variety of opinions about what the impact is and whether or not we should cut federal spending. >> they are needing more and more tax revenue to pay for the programs they have. they need to cutback. i'm a fan of smaller government. >> i think that we have responsibility to help those that cannot help themselves. and perhaps we're spending too much in certain areas but i wouldn't want to see any of the social services cut. >> reporter: so in this town a lot of confusion, a lot of uncertainty and lot of mixed opinions. let's toss it over t
john boehner, mitch mcconnell as well said they wouldn't. we go to eamon javers in fredrick, maryland. >> reporter: we're in fredrick, maryland. this is a town that's heavily dependent on federal spending because they have ft. detrick with 10,000 employees just outside of the town. ing talked to community officials who say they are worried about everything from funding for the local airport control tower to bullet proof vests for the police department. but when you talk to people on the...
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Feb 5, 2013
02/13
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>> mitch mcconnell took to the floor. >> mitch mcconnell is trifk. it's the house that matters. >> in the house today -- let me say what they were talking about. >> where was mr. boehner, mr. cantor. >> i'm going to answer. they were talking about the fact that obama doesn't have a budget and hasn't put one forward. that's a b problem. ryan, boehner, cantor, the bunch of them were talking about president roosevelt delivered a budget on time a month after pearl harbor. george bush delivered it a month after the 911 attacks. obama hasn't delivered a budget for the country and has no plans to in the future. sometime in the next few weeks, it put -- house republicans are passing a bill. >> today was the day obama missed the deadline yet again. that was their focus. >> it's a yawn. >> it is. >> what i want to know is that the gop will stand tall. they are trying to rebrand the party but don't rebrand lower marginal tax rates. i was disappointed that the republicans didn't say that. that's all. i hear karl rove attacking the tea party. good news. he'll lin
>> mitch mcconnell took to the floor. >> mitch mcconnell is trifk. it's the house that matters. >> in the house today -- let me say what they were talking about. >> where was mr. boehner, mr. cantor. >> i'm going to answer. they were talking about the fact that obama doesn't have a budget and hasn't put one forward. that's a b problem. ryan, boehner, cantor, the bunch of them were talking about president roosevelt delivered a budget on time a month after pearl...
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Jan 3, 2013
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it's unlikely that house speaker john boehner or the senate minority leader mitch mcconnell will lose their positions, although they have been criticized for the deal. several says they're frustrated by the outcome of washington's budget battle while they're relieved lawmakers did manage to avoid tax hikes and spending cuts. the honey well ceo david coda told "wall street journal" we shouldn't be sitting here slapping ourselves on the back for a great job. at the same time, moody's rating has warned the congress's budget deal may not go far enough to prepare a credit downgrade this year. the country's debt burden remains high and may not support a aaa rating without further deficit reduction. joining us for more, steven englanders. you're up bright and early. happy new year to you. good to see you. >> happy new year. >> quite a day for investors around the globe yesterday. where does that leave us this morning? >> well, you know, text markets can't go up every day. we had a pretty good rally coming in towards tend of the year and asset markets hit recent highs. you know, the fiscal is
it's unlikely that house speaker john boehner or the senate minority leader mitch mcconnell will lose their positions, although they have been criticized for the deal. several says they're frustrated by the outcome of washington's budget battle while they're relieved lawmakers did manage to avoid tax hikes and spending cuts. the honey well ceo david coda told "wall street journal" we shouldn't be sitting here slapping ourselves on the back for a great job. at the same time, moody's...
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Oct 14, 2013
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mitch mcconnell wants six months. that means longer for the sequester spending levels to remain in effect. democrats are hoping to alleviate those. harry reid wants six-month in the debt limit. democrats want it shorter. they want a shorter one because it eliminates a moment of crisis if they can get it done. i do hear from harry reid's office, the democratic leadership, that if they do get a deal today, the senate goes in at 2:00, we will wait and see what they say. ex p expedited deals could happen tonight and house would have time to consider that if speaker boehner chooses to put it on the floor. there is a possibility of a deal that could get done by thursday. >> how can they do a deal if they are expecting to expect to get a deal there? that's what mitch mcconnell traded for higher prices on the wealthy. >> i thought they were trying to link some sort of neutralization for sec sququester. how long does it remain in effect before that happens? >> republicans when they were unable to pass a transportation spending
mitch mcconnell wants six months. that means longer for the sequester spending levels to remain in effect. democrats are hoping to alleviate those. harry reid wants six-month in the debt limit. democrats want it shorter. they want a shorter one because it eliminates a moment of crisis if they can get it done. i do hear from harry reid's office, the democratic leadership, that if they do get a deal today, the senate goes in at 2:00, we will wait and see what they say. ex p expedited deals could...
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Oct 14, 2013
10/13
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mitch mcconnell saying the gop won't accept. congress will be in session even though it's a federal holiday. the world leader is warning of serious consequences if the debt ceiling isn't raised. >> if there is that degree of disruption, that lack of certainty, that lack of trust in the u.s. signature, it would mean massive destruction the world over. we would be at risk of tipping yet again into reception. >>> we had two days of rallies going into the recession. we thought something would be announced coming monday trade. the s&p is up 12. right now you can see we are pointing lower again. the s&p 50010 points below fair value. the nasdaq is 10 points below fair value. and the dow is 10 points below fair value. european equities have been unperturbed. ftse 100 is absolutely flat. up .5% on friday. the cac carant is down. no major moves here. this comes as banks have been warning about what will happen were the dire consequences of a u.s. default on its debt. at a conference hosted by the institute of international finance, the d
mitch mcconnell saying the gop won't accept. congress will be in session even though it's a federal holiday. the world leader is warning of serious consequences if the debt ceiling isn't raised. >> if there is that degree of disruption, that lack of certainty, that lack of trust in the u.s. signature, it would mean massive destruction the world over. we would be at risk of tipping yet again into reception. >>> we had two days of rallies going into the recession. we thought...
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Oct 15, 2013
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mitch mcconnell, of course, absolutely key there. >> yeah. gold has been a little more volatile, as we said earlier on, down to $1,251 earlier this morning, when it looked like the process might be cleaner, it did pare some of the losses. at 1,271. >> everyone wants to seem to buy the dips. >> and there's a headline there, as we see on the screen, too, the president to meet with the democratic leadership at 3:15 p.m. eastern time. and we are working our way here within about 48 hours of the deadline. so when we asked john about whether or not this -- whether or not this could potentially not get done in time, it's a serious question. and here is the speaker. >> good morning, everyone. our leadership team met with our members today trying to find a way forward in a bipartisan way that would continue to provide fairness to the american people under obama care. there are a lot of opinions about what direction to go. there have been no decisions about what exactly we will do. but we're going to continue to work with our members on both sides of t
mitch mcconnell, of course, absolutely key there. >> yeah. gold has been a little more volatile, as we said earlier on, down to $1,251 earlier this morning, when it looked like the process might be cleaner, it did pare some of the losses. at 1,271. >> everyone wants to seem to buy the dips. >> and there's a headline there, as we see on the screen, too, the president to meet with the democratic leadership at 3:15 p.m. eastern time. and we are working our way here within about...
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Jan 7, 2013
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senate majority leader mitch mcconnell is ruling out any tax hike. >> the tax issue is finished, over, completed. that is behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future? and that's our spending addiction. >> if mitch mcconsl going to draw that line in the sand, it's a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction. >> republicans want big cuts in programs like medicare and social security as a condition for raising the debt ceiling. >>> and u.s. regulators may announce a $10 billion settlement today over bad foreclosure practices. the "new york times" first reported the deal last week said 14 banks, including citigroup, jpmorgan and the bank of america are involved. nearly $4 billion will go to people who lost their homes in 2009 and '10. the rest will be for those in the process. the times says the fed threatened to block the settlement, demanding for money from banks for their reason in the financial crisis, but has since back down. >>> and a reminder of what on th
senate majority leader mitch mcconnell is ruling out any tax hike. >> the tax issue is finished, over, completed. that is behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future? and that's our spending addiction. >> if mitch mcconsl going to draw that line in the sand, it's a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction. >> republicans want big cuts in programs...
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Sep 23, 2013
09/13
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the news that both john cornyn and mitch mcconnell will not vote to sustain the filibuster that ted cruz is mounting raises the odds that a clean bill will go back to the house, maybe sunday, maybe monday. now, we don't know whether that's going to play out exactly that way, but we do know that republican leaders believe this is a disastrous strategy. if you look at the poll that we had, the cnbc all america poll, we show -- ask americans do you want to defend obama care by 44-38 they say no, but if you link it to a government shutdown or debt threat it's 59-19, overwhelming. republican leaders know that the gop would be blamed for this, and harry reid was on the floor hammering that message today. >> reporter: a republican so intent on undermining both president barack obama and his signature health care law that they are willing to inflict severe damage to our economy in the process. america will know exactly who to blame. republican fanatics in the house and the senate. >> reporter: larry, i can tell you the democratic leaders have a rising expectation that having voted to include the
the news that both john cornyn and mitch mcconnell will not vote to sustain the filibuster that ted cruz is mounting raises the odds that a clean bill will go back to the house, maybe sunday, maybe monday. now, we don't know whether that's going to play out exactly that way, but we do know that republican leaders believe this is a disastrous strategy. if you look at the poll that we had, the cnbc all america poll, we show -- ask americans do you want to defend obama care by 44-38 they say no,...
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Oct 23, 2013
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this is the home of senate gop leader mitch mcconnell. john, mitch mcconnell has issues at home to deal with. >> he does. he has a challenging general election. he's got a primary and a visit here to louisville, which is a little chilly and windy this morning in late october. reminds us that even though the shutdown and the debt mess is in the rearview mirror, the political energy behind it is not. i talked to matt bevin. he's the guy running against mitch mcconnell, tea party candidate in the primary. interesting guy in his mid 40s. successful investment manager. his family had a bell company which for years made the bell that rang the opening and closing of the new york stock exchange. and when i talked to him about the outcome of the fight, it's clear, first of all, he's not impressed by the polls. second of all, he was not impressed by the threats and warningings about default. here is matt blevin. >> there was no threat of default. as often is the case in washington, there was these foe crises that are forced upon us, whether it's th
this is the home of senate gop leader mitch mcconnell. john, mitch mcconnell has issues at home to deal with. >> he does. he has a challenging general election. he's got a primary and a visit here to louisville, which is a little chilly and windy this morning in late october. reminds us that even though the shutdown and the debt mess is in the rearview mirror, the political energy behind it is not. i talked to matt bevin. he's the guy running against mitch mcconnell, tea party candidate...
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Aug 23, 2013
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the delay for one year wins and since mitch mcconnell is so much smaller than harry reed, i think you might wind up getting the last word. >> all i'm going to say is the delay approach is smarter than the defund approach. so i would advocate your approach and it makes more sense even from just an opticses perspective because people don't want to be seen as vindictive especially considering what happened in the last election. >> people vote with their feet and they also vote with their dollars when it comes to choosing a place to live. we'll show you a hot new study about tax migration. the three biggest winners are states, by the way, with republican governors. that's next up on "kudlow." >> for anyone who believes higher taxes help grow the economy, take a look at this. a new study from the tax foundation shows almost $100 billion in personal income migrated from new york, california, and illinois over the past ten years. not surprisingly, these are also the states with some of the highest tax rates in america. where will that money go? easy, it went to florida, arizona, and texas an
the delay for one year wins and since mitch mcconnell is so much smaller than harry reed, i think you might wind up getting the last word. >> all i'm going to say is the delay approach is smarter than the defund approach. so i would advocate your approach and it makes more sense even from just an opticses perspective because people don't want to be seen as vindictive especially considering what happened in the last election. >> people vote with their feet and they also vote with...
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Sep 30, 2013
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. >> john, how about this idea or this report that mitch mcconnell is floating something to certain folks up on the hill of a one-week extension. does that have any merit, does it have any hope? >> reporter: i don't think it has any hope. harry reid has rejected it. he said the extension of government funding that i put on the floor is also short term but through november 15th and a one-week delay wouldn't mean anything. democrats are saying if we're not negotiating now, why would we negotiate over the next several weeks. also republican conservatives in the house have also rejected mcconnell's proposal saying that's too weak for us, we need something stronger. we want to continue to go after obama care so it doesn't look at this stage that mitch mcconnell's solution will be the way out. >> john, i'm sure it's not the last we'll see of you this afternoon. thank you so much. is the market reading this right as we're down triple digits or is this a buying opportunity. joining us we've got david sourby, michael, mike thompson, hello, and our own rick santelli. that you all for joining us. >>
. >> john, how about this idea or this report that mitch mcconnell is floating something to certain folks up on the hill of a one-week extension. does that have any merit, does it have any hope? >> reporter: i don't think it has any hope. harry reid has rejected it. he said the extension of government funding that i put on the floor is also short term but through november 15th and a one-week delay wouldn't mean anything. democrats are saying if we're not negotiating now, why would...
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Oct 4, 2013
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when you're in the trenches, whatever rand paul said to mitch mcconnell, that's interesting. they have no real power in the senate right now. these are obama people. and they look at it like a big game. and boehner blasted them today for it. said this is not a game, this is serious stuff. >> i don't know if anybody really understands this. watching tv today, and jay carney is on, i thought nonessential workers are furloughed. [ laughter ] >> we had 17 shutdowns in 30 years. we had seven shutdowns in the reagan years. >> i was essential, i just want you to know. i was really essential. i was. sorry. >> i think you made the best point in the last segment about the best program obama ever created for economy is the sequester. >> yes. >> let's double down on that. let's go another 1% next year. >> by the way, this is an important point. we don't have any time. i do not want to lose the sequester. and i am afraid that a deal, quote/unquote, the sequester will go away. >> i think you're right. >> and i think that would be terrible, and republicans should be ashamed of themselves be
when you're in the trenches, whatever rand paul said to mitch mcconnell, that's interesting. they have no real power in the senate right now. these are obama people. and they look at it like a big game. and boehner blasted them today for it. said this is not a game, this is serious stuff. >> i don't know if anybody really understands this. watching tv today, and jay carney is on, i thought nonessential workers are furloughed. [ laughter ] >> we had 17 shutdowns in 30 years. we had...
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Oct 16, 2013
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harry reid and mitch mcconnell have essentially finalized their plan. the senate reconvenes at noon and both men will brief their respective caucuses. house republicans fought for their two separate bills. the conservative group heritage action opposed the plan because at the didn't do enough to roll back obama care. now it's suggested that under the senate proposal, the government will be funded through january 15th, debt ceiling extended until february 7th and a committee would have until december 13th to welcome a new round of spending cuts. while this is all going on, fitch has put the credit watch on negative warning. it's citing the political brinkmanship. the u.s. treasury department spokesman says fitch's announcement reflects the urgency for congress to act. china and japan, the biggest debt holders of u.s. debt, state news agency shinwah says it's time for a de-americanized world. joining us for the first part of the program today, fred normal from hsbc. fred, what has this episode done for -- let's say we cobble this deal together. we might b
harry reid and mitch mcconnell have essentially finalized their plan. the senate reconvenes at noon and both men will brief their respective caucuses. house republicans fought for their two separate bills. the conservative group heritage action opposed the plan because at the didn't do enough to roll back obama care. now it's suggested that under the senate proposal, the government will be funded through january 15th, debt ceiling extended until february 7th and a committee would have until...
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Feb 13, 2013
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. >> the president begins his walk down the aisle flanked by patrick leahy, mitch mcconnell. you had a discussion about his inaugural and some of the confrontati confrontational nature. >> i sincerely hope it will not because he's got to do business with the gop. he's just got to. he expects to get anything done. so i can't answer that, but i sincerely hope the answer is it won't be as sharp. >> remember what has happened so far, larry. he has been able to do some business with the gop in the beginning of this year with the very approach that you're talking about. remember, they backed off brinksmanship on the debt limit. they are coming in his direction on immigration. and i think the strategy of the white house is that public opinion is behind him. he's going 0 to leverage public opinion. he's just won a majority in the election. and he's going to try to mobilize public opinion to make them come in his direction, and that's happened to some degree. not going to happen on everything and it's not going to happen -- may not happen as much as he wants to, but he has shown some
. >> the president begins his walk down the aisle flanked by patrick leahy, mitch mcconnell. you had a discussion about his inaugural and some of the confrontati confrontational nature. >> i sincerely hope it will not because he's got to do business with the gop. he's just got to. he expects to get anything done. so i can't answer that, but i sincerely hope the answer is it won't be as sharp. >> remember what has happened so far, larry. he has been able to do some business...
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Oct 23, 2013
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i remember meeting mitch mcconnell when i was in 4th grade. that's how long he's been in the office, so, yeah, i think it's time. >> reporter: of course, matt bevin has vulnerabilities, running as a fiscal responsibility candidate. and he means it. the eligibility age for medicare and social security may need to be raised as much as seven years. >> look at the demographics associated with it. it was -- when these programs were created, the recipients on average live add few years beyond the point at which they're eligible. now they're living as long as half their lives after the point that they become eligible. decades and decades. this is what's making it unsustainable. >> so what would you -- >> again, we have to walk before we run. whether it's two, five, seven year, the fact is we need to move it in a different direction, and we have to start now. >> reporter: i'll be shocked if mitch mcconnell doesn't go after him for that statement. one postscript, matt bevin's family company for years made the bell for the new york stock exchange in and
i remember meeting mitch mcconnell when i was in 4th grade. that's how long he's been in the office, so, yeah, i think it's time. >> reporter: of course, matt bevin has vulnerabilities, running as a fiscal responsibility candidate. and he means it. the eligibility age for medicare and social security may need to be raised as much as seven years. >> look at the demographics associated with it. it was -- when these programs were created, the recipients on average live add few years...
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Oct 15, 2013
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although senate leaders harry reid and mitch mcconnell say it's not quite there yet. an agreement could be announced later today. blackberry is publishing an open letter saying although times are challenging, you can continue to count on blackberry. and apple filling a big hole in the retail executive ranks hiring burberry ceo to run the operations. apple shares have been indicated higher. >>> and much more when we return from leon cooperman including names he's investing in now. as we head to a break, steve liesman playing the role of treasury secretary lew as he fields calls and decides which bills to pay and which to put aside. but is the choice his to make? >>> okay. tell me how much is in the account. $42, 686,000,302.65. pay the interest on the debt but delay social security a couple of days, okay. until there's $30 billion. hold on a second. good afternoon, mr. president. yes, sir, pay social security right now, mr. president. understood. did you hear that? shut down the justice department and the -- yes, i know that closes the courts and grounds the planes. ok
although senate leaders harry reid and mitch mcconnell say it's not quite there yet. an agreement could be announced later today. blackberry is publishing an open letter saying although times are challenging, you can continue to count on blackberry. and apple filling a big hole in the retail executive ranks hiring burberry ceo to run the operations. apple shares have been indicated higher. >>> and much more when we return from leon cooperman including names he's investing in now. as we...
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Oct 3, 2013
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why don't you have a drink with mitch mcconnell. i don't think that kind of stuff -- >> reporter: i've been trying to do that, by the what. >> with mitch mcconnell. >> reporter: yes, i have. one final point, joe, on entitlements, republicans have not been pushing entitlement reforms. >> that's true, the conversation is completely fallen off -- >> what about tax reform? >> reporter: yes. >> it hasn't been a serious attempt on either side. >> reporter: yes, but basically republicans -- as the deficit has come down and as republicans have decided that these discretionary cuts are too high for them too, that's why they couldn't pass their appropriation bills this summer and pulled them down because republicans didn't want to vote for spending that low, the entitlement issue faded away. you know, yes, they passed the ryan budget but they haven't talking about that. the president actually in his budget has put more entitlement reform on the table than republicans have. that's why i think it is constructive. if they get back to that, every
why don't you have a drink with mitch mcconnell. i don't think that kind of stuff -- >> reporter: i've been trying to do that, by the what. >> with mitch mcconnell. >> reporter: yes, i have. one final point, joe, on entitlements, republicans have not been pushing entitlement reforms. >> that's true, the conversation is completely fallen off -- >> what about tax reform? >> reporter: yes. >> it hasn't been a serious attempt on either side. >>...
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Oct 1, 2013
10/13
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. >> even from the right, mitch mcconnell, for example. >> i understand the redistricting. i just remember when engine charlie wilson, who was the former ceo of general motors, went to be the secretary of defense under eisenhower, it used to be that's the way the republicans used to be. they were capital. the democrats were labor. the republicans stood for full faith and credit because they owned a lot of bonds. what, the republicans don't own any bonds anymore. what are they putting their money in? maybe the gold thing. >> let's go to bob pisani. dow up 28. >> good morning. happy tuesday. the government shuts down and all night long the futures are up. we've been down seven of the last eight days so we're due for a bounce. three areas may be affected by the shutdown, defense, housing, ipos. moody's said any delay in government payments would quickly weaken defense contractor liquidity. they say two especially exposed, lockheed martin and lieian tech syste -- lyons tech system, ltk. contract awards could be delayed and appropriations funds may not be appropriated. the other
. >> even from the right, mitch mcconnell, for example. >> i understand the redistricting. i just remember when engine charlie wilson, who was the former ceo of general motors, went to be the secretary of defense under eisenhower, it used to be that's the way the republicans used to be. they were capital. the democrats were labor. the republicans stood for full faith and credit because they owned a lot of bonds. what, the republicans don't own any bonds anymore. what are they...
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Oct 8, 2013
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. >> but the other side -- >> talk to mitch mcconnell about the fiscal deal. >> you have a drink with mitch mcconnell. >> they still think he took the administration to the cleaners on the fiscal cliff deal and that's what most democrats in the senate think. >> the president still feels burned from when he did the extension on the bush tax cuts for a year or two. so noib can do anything -- >> i have to say, though, the idea of just kicking this -- and i hate the term of kicking the can down the road. but to put this off for a month or who months, main streets wants certainty. >> becky, i want to go back to the underlying point you were making a grand bargains. a grand bargain would clearly be in the best interest of the country. when you look at who wanted a grand bargain more than the other side, the president wants a grand bargain more than anybody else. the reason the grand bargain didn't happen was that republicans could not accept at the fiscal cliff when there was no alternative because taxes were going to go up for everybody, they could not get their members to accept tax incre
. >> but the other side -- >> talk to mitch mcconnell about the fiscal deal. >> you have a drink with mitch mcconnell. >> they still think he took the administration to the cleaners on the fiscal cliff deal and that's what most democrats in the senate think. >> the president still feels burned from when he did the extension on the bush tax cuts for a year or two. so noib can do anything -- >> i have to say, though, the idea of just kicking this -- and i hate...
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Apr 29, 2013
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like when the president said you have a drink with mitch mcconnell. come engineering, any of those things. i wonder how do we get people to realize what a great future they would have if they boit the bullet. how do we do it? or do we let all the foreigners. >> i've been told, and i could be wrong on this, there are two levels. there's very high level engineering and lower level engineering. >> are you talking train engineers? >> no. there's a distinction of what's going on. >> we will certainly have a ph.d. level and college graduates. >> we face the exact type of problems. we have the same problem with respect to our plant workers. what we need is well educated workers in the chemical plants. and there is certainly a bottle neck there. it forces us to advance at a level slower than what we could do. and with cheap natural gas, there's an awful lot of investment coming announced. my view is not all of that will be implemented. we can't implement all of that. >> that a problem you think, hans, the infrastructure. it's not there to allow more investmen
like when the president said you have a drink with mitch mcconnell. come engineering, any of those things. i wonder how do we get people to realize what a great future they would have if they boit the bullet. how do we do it? or do we let all the foreigners. >> i've been told, and i could be wrong on this, there are two levels. there's very high level engineering and lower level engineering. >> are you talking train engineers? >> no. there's a distinction of what's going on....
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Apr 30, 2013
04/13
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they're calling for me to have a beer with mitch mcconnell. seriously? you have a beer with mitch mcconnell because he doesn't think it's been productive and so far he's justified and it's not over yet. >> is there's a big column in "the washington post" today by neil irwin about how the age of austerity is coming to a close and we're expecting the ecb to change their stance on thursday. in japan, obanomics and they're starting to pay debt for the first time in six years. is there any chance he takes somewhat of a -- not a victory lap and saying that my policies are beginning to pay some fruit. unless republicans come to the table, deficit reduction is now done for the presidency and he can say, you can make me live for the sequester and i don't like the nature of the sequester, but there will not be entitlement reform or deficit reduction unless you come up with revenue and he will challenge republicans and dare republicans to try to force his hand by not raising the debt limit, the white house is confident that having put away that weapon, they're not
they're calling for me to have a beer with mitch mcconnell. seriously? you have a beer with mitch mcconnell because he doesn't think it's been productive and so far he's justified and it's not over yet. >> is there's a big column in "the washington post" today by neil irwin about how the age of austerity is coming to a close and we're expecting the ecb to change their stance on thursday. in japan, obanomics and they're starting to pay debt for the first time in six years. is...
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Jan 7, 2013
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senate republican leader mitch mcconnell says that spending cuts need to be part of the discussion if the nation's debt limit is to be raised. president obama says he will not negotiate with the congress over the debt limit. those were remarks that were echoed by house minority leader nancy pelosi yesterday. also european banking shares are among the leaders overseas this morning. this is coming as a move by regulators to extend a deadline for implementing tougher liquidity requirements takes place. also there are some reports out of china that say the country's sovereign wealth fund is thinking about buying a stake in german automaker daimler. that is according to the people's daily online. the fund is considering a 4% to 10% stake in the maker of mercedes-be mercedes-benz. and daimler shares are among the top gainers in germany this morning. >> the s&p 500 index added 6.6 -- it was 4.6% last week to finish at a five-year high ahead of the beginning of earnings season and alcoa will be out with earnings tomorrow afternoon. thompson reuters look for fourth quarter earnings. barry knap
senate republican leader mitch mcconnell says that spending cuts need to be part of the discussion if the nation's debt limit is to be raised. president obama says he will not negotiate with the congress over the debt limit. those were remarks that were echoed by house minority leader nancy pelosi yesterday. also european banking shares are among the leaders overseas this morning. this is coming as a move by regulators to extend a deadline for implementing tougher liquidity requirements takes...
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Oct 14, 2013
10/13
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you have knnenknow negotiations mitch mcconnell and harry reid. the longer it goes on at current levels the more democrats feel like they can't alleviate parts of the sequester. already the republicans want a short debt limit extension. democrats want a longer one. i do think that mcconnell and reed are likely to work that out. if they do, then you could get a deal through the senate that the house would have little choice but to accept and i think that's a strategy that even house leaders are counting on, too. something comes over from the senate. the speaker puts it on the floor and it ends up passing whether or not conservatives within the house republican caucus object to it. >> john, what's the timing at this point? >> i think the -- we're looking early today for some sort of agreement from reid and mcconnell. if that happens, the senate can put it on the floor relatively quickly. the target date since you know since you've scheduled your show to come down here is thursday. there's still time for both things to happen, that is senate consider
you have knnenknow negotiations mitch mcconnell and harry reid. the longer it goes on at current levels the more democrats feel like they can't alleviate parts of the sequester. already the republicans want a short debt limit extension. democrats want a longer one. i do think that mcconnell and reed are likely to work that out. if they do, then you could get a deal through the senate that the house would have little choice but to accept and i think that's a strategy that even house leaders are...
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Sep 24, 2013
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late yesterday, senate minority leader mitch mcconnell said he would not support the tactics of three tea party backed senators threatening to fund a bill to solve our government. we have former clinton white house press secretary joe lock hart and jim nussle. president obama is going to be addressing the united nations general assembly today in new york. he can expected to speak on syria's chemical weapons, mid-east peace talks and iran's nuclear pursuits. iran's new president will speak today. traders says the oil market will be watching body language between the two men. will they say hello to each other? will they shake hands or will they avoid each other entirely? also on today's agenda, we have key economic data. last month's reports show price gains slowing in 14 of the 20 cities that were surveyed. >> chrysler filing paperwork for an ipo up to $100 million. the ipo will be underwritten by jpmorg jpmorgan, coming more than four years from the automaker emerging under management. bill fight going on between the unions there which led to this. we'll talk about that. also, the jus
late yesterday, senate minority leader mitch mcconnell said he would not support the tactics of three tea party backed senators threatening to fund a bill to solve our government. we have former clinton white house press secretary joe lock hart and jim nussle. president obama is going to be addressing the united nations general assembly today in new york. he can expected to speak on syria's chemical weapons, mid-east peace talks and iran's nuclear pursuits. iran's new president will speak...